Form 4: ODP Corp Executive Max Hood Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
Max Hood, SVP & Chief Accounting Officer of ODP Corp, reports disposing of common stock to cover tax withholding obligations related to vesting shares.
Summary
- On March 10, 2024, Max Hood, SVP & Chief Accounting Officer of ODP Corp, disposed of 385 shares of common stock at $51.47 per share to satisfy tax withholding obligations.
- These shares were related to the vesting of restricted shares from a grant issued on March 10, 2023.
- Additionally, Hood disposed of 1,098 shares of common stock at the same price to cover tax obligations from a grant issued on March 10, 2022.
- Following these transactions, Hood beneficially owns 19,736 shares of ODP Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard practice of covering tax obligations related to stock vesting.
Key Dates
| Date | Description |
|---|---|
| 03/10/2022 | Date of original grant of restricted shares related to one of the tax withholding obligations. |
| 03/10/2023 | Date of original grant of restricted shares related to one of the tax withholding obligations. |
| 03/10/2024 | Date of stock disposal to cover tax withholding obligations. |
| 03/12/2024 | Date of signature on the Form 4 filing. |
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